Can I rollover my 401k from one employer to another more than one time in one year (unlike an IRA)?

Question

I rolled over my 401k to my previous employers plan in Jan of this year. I left that company this month and now want to rollover that money again to my new employer. I know that some IRAs have a limit of "one" rollover per year. Does this apply to 401ks as well?

Answer 1

No, you can take your 401k balance with you to your new job.

Answer 2

Yes you can; but why would you? If you roll it into an IRA, you have greater control and flexibility, and you still maintain the tax deferral on the account.